Aus­tralian fin­tech heavy­weight to launch in­sti­tu­tional-grade se­cu­rity to­ken ex­change in Malta

The Malta Business Weekly - - FRONT PAGE -

Malta’s ‘blockchain ecosys­tem’ is in­deed at­tract­ing many and var­ied life forms, and th e lat­est ad­di­tion is the founder of Aus­tralia’s largest in­de­pen­dent trad­ing plat­form by trad­ing vol­ume - of over AUD50 bil­lion per an­num.

Rick Klink, the founder of Paritech and OpenMar­kets, yes­ter­day an­nounced he will head up Malta Dig­i­tal Ex­change (MDX), and bring his ground-break­ing tech­nol­ogy to the dig­i­tal as­set space.

The cryp­tocur­rency and blockchain sec­tor saw ex­po­nen­tial growth in 2017, now a push to­wards reg­u­la­tion will pro­vide trust and a safe en­vi­ron­ment for in­sti­tu­tional in­vestors, al­low­ing them to par­tic­i­pate in the global econ­omy.

Se­cu­rity to­kens are the next gen­er­a­tion of reg­u­lated se­cu­ri­ties, which are be­ing built on blockchain-based in­fra­struc­ture rather than be­ing re­stricted to le­gacy sys­tems.

MDX yes­ter­day said it will aim to be­come the world's pre­mier se­cu­rity to­ken ex­change. That, in turn is ex­pected to en­able greater mar­ket ef­fi­ciency, ac­ces­si­bil­ity, liq­uid­ity and trans­parency within the cap­i­tal mar­kets.

Malta Dig­i­tal Ex­change will be a multi-as­set dig­i­tal ex­change which fo­cuses on vir­tual fi­nan­cial as­sets (VFA) and se­cu­rity to­kens.

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